The Union Budget 2026 raised STT on futures and options from April 1, 2026. ICRA expects a 16 percent rise in STT collections in financial year 2027. Derivatives volumes cross 500x GDP in India hence the government said the move aims to curb excessive speculation

The rupee strengthened by 37 paise to trade at 91.56 against the US dollar in early trade on Monday, supported by a sharp fall in crude oil prices a day after the Union Budget 2026-27 was presented. Forex traders said the Budget reassured markets on fiscal discipline, though the government’s high borrowing plan of Rs 17.2 lakh crore may weigh